Construction firm PNC Intratech expects to raise Rs 175 crore through the company's proposed initial public offer (IPO) and has approached market regulator SEBI for approval of the issue.

The city-based construction firm is entering the capital market to raise funds to meet its working capital requirement, repayment of loans and for general corporate purposes, as per the details available with draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India.

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New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

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